Fidamen

Long Term Care Insurance Calculator

This calculator estimates how much additional long-term care (LTC) insurance coverage you might need today by projecting future care costs, escalating benefits, discounting to present value, and subtracting existing resources. It also provides a simple illustrative premium proxy using a user-supplied rate per $1,000 of coverage.

The tool is designed for planning and comparison. It is not a quote and does not replace underwriting or individualized advice from a licensed insurance professional.

Updated Nov 23, 2025QA PASS — golden 25 / edge 120Run golden-edge-2026-01-23

Governance

Record 09cb657ff4b3 • Reviewed by Fidamen Standards Committee

Projects future care cost at expected onset, escalates benefits, discounts to present value, subtracts existing resources to produce an estimated additional coverage need.

Inputs

Advanced inputs

Personal assumptions

Cost & economic assumptions

Resources & premium inputs

Results

Updates as you type

Estimated additional coverage needed

—

Projected monthly care cost at expected onset

$9,917.09

Present value of expected care (all benefits)

—

Percent of need covered now (savings + family)

—

OutputValueUnit
Estimated additional coverage needed—USD
Projected monthly care cost at expected onset$9,917.09USD
Present value of expected care (all benefits)—USD
Percent of need covered now (savings + family)—%
Primary result—

Visualization

Methodology

We project the current monthly cost to the expected onset age using the general inflation rate, then escalate benefit payments annually by the benefit escalation assumption. The stream of future monthly payments is converted to a present value using the discount rate and summed over the benefit period.

The calculator subtracts existing savings earmarked for LTC and any expected family contributions (expressed as a total amount) to yield an estimated additional coverage need. The premium proxy multiplies the coverage need by an illustrative rate per $1,000 of coverage. For data security and software quality, this tool is built with recommended practices aligned to NIST and ISO guidance.

F.A.Q.

Is this an insurance quote?

No. This calculator provides estimates for planning only. Actual premiums and available benefits require insurer underwriting, product selection, and may vary by age, health, gender, location and insurer pricing.

What should I use for inflation, escalation and discount rates?

Use historical experience and conservative assumptions. Typical inputs often range from 2% to 5% for inflation and escalation; choose a discount rate reflecting expected investment returns or your personal time value of money. Run sensitivity scenarios to understand impact.

Why subtract family contribution and savings?

The model estimates how much additional coverage (insurance) you would need after accounting for resources you plan to use. If family will contribute or you have earmarked savings, those reduce the insurance amount required.

What are the limitations of the premium proxy?

The premium proxy is a simple illustration that uses a user-supplied rate per $1,000 of coverage. It does not account for guaranteed renewability, underwriting class, inflation riders, elimination periods, lifetime vs. period benefits, or insurer-specific pricing.

How should I interpret present value?

Present value converts projected future payments into today’s dollars using the discount rate. It is a planning construct to compare needs now rather than an amount insurers will necessarily quote.

Sources & citations

Further resources

Versioning & Change Control

Audit record (versions, QA runs, reviewer sign-off, and evidence).

Record ID: 09cb657ff4b3

What changed (latest)

v1.0.0 • 2025-11-23 • MINOR

Initial publication and governance baseline.

Why: Published with reviewed formulas, unit definitions, and UX controls.

Public QA status

PASS — golden 25 + edge 120

Last run: 2026-01-23 • Run: golden-edge-2026-01-23

Engine

v1.0.0

Data

Baseline (no external datasets)

Content

v1.0.0

UI

v1.0.0

Governance

Last updated: Nov 23, 2025

Reviewed by: Fidamen Standards Committee (Review board)

Credentials: Internal QA

Risk level: low

Reviewer profile (entity)

Fidamen Standards Committee

Review board

Internal QA

Entity ID: https://fidamen.com/reviewers/fidamen-standards-committee#person

Semantic versioning

  • MAJOR: Calculation outputs can change for the same inputs (formula, rounding policy, assumptions).
  • MINOR: New features or fields that do not change existing outputs for the same inputs.
  • PATCH: Bug fixes, copy edits, or accessibility changes that do not change intended outputs except for previously incorrect cases.

Review protocol

  • Verify formulas and unit definitions against primary standards or datasets.
  • Run golden-case regression suite and edge-case suite.
  • Record reviewer sign-off with credentials and scope.
  • Document assumptions, limitations, and jurisdiction applicability.

Assumptions & limitations

  • Uses exact unit definitions from the Fidamen conversion library.
  • Internal calculations use double precision; display rounding follows the unit's configured decimal places.
  • Not a substitute for calibrated instruments in regulated contexts.
  • Jurisdiction-specific rules may require official guidance.

Change log

v1.0.0 • 2025-11-23 • MINOR

Initial publication and governance baseline.

Why: Published with reviewed formulas, unit definitions, and UX controls.

Areas: engine, content, ui • Reviewer: Fidamen Standards Committee • Entry ID: 91abb3bde6b1